Remitly,
the largest independent mobile remittance company in the United States,
today announced it is sending $3 billion a year in annualized remittance
volume through their global platform.

While Remitly originally focused on the remittance flow between the US
to Philippines, the company has rapidly expanded in the last two years
enabling money transfers from three send countries; US, UK, and Canada
to ten of the world's largest receiving countries Philippines, India,
Mexico, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua,
and Peru.

The company also recently rolled out a custom service that enables
cruise ship workers to send money to the Philippines from a cruise ship
using their smartphones. This expansion unlocks a $5 billion remittance
market for Remitly, bringing their current addressable market to over
$76 billion. Sending money around the world cost effectively and swiftly
is what sets Reitly apart. Mobile technology coupled with machine
learning allows Remitly to provide customers with a better experience
that eliminates the forms, codes, agents, extra time and fees typical of
the traditional, century-old money transfer process. By focusing on the
largest addressable markets with the most friction to solve for, Remitly
continues to reach new heights with over 4 million transactions per year.

Remitly is the largest independent digital remittance company
headquartered in the United States, transferring over $3 billion in
annualized volume from its customers in the United States, United
Kingdom, and Canada to loved ones throughout the world. The company's
proprietary global transfer network includes its easy-to-use mobile app,
which makes the process of sending money faster, easier, more
transparent and less costly by eliminating the forms, codes, agents,
extra time and fees typical of the traditional, century-old money
transfer process. Remitly is backed by industry-leading investors,
including World Bank's International Finance Corporation (IFC), Silicon
Valley Bank, Stripes Group, DFJ, DN Capital, QED Investors, Trilogy
Equity Partners, Bezos Expeditions, Founders' Co-Op, and
TomorrowVentures. The company is headquartered in Seattle, with
additional offices in London, the Philippines, and Nicaragua. For more
information, visit Remitly.com.